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A software issue in select BMW electric vehicles could lead to a sudden loss of drive power, prompting a recall of 70,852 units, the National Highway Traffic Safety Administration (NHTSA) announced. This defect, affecting popular models like the 2022-2025 BMW i4, 2022-2024 BMW iX, 2023-2024 BMW i7, and 2024 BMW i5, poses a crash risk…
On Sunday, China’s Contemporary Amperex Technology Co. Ltd. (CATL), the world’s leading electric vehicle (EV) battery manufacturer, broke ground on a $6 billion battery material ecosystem in Indonesia, partnering with Indonesia Battery Corp. and PT Aneka Tambang, reports Bloomberg. This ambitious project aims to bolster Indonesia’s role in the global EV supply chain while advancing…
Lucid Motors CEO Marc Winterhoff has urged Congress to preserve the $7,500 federal electric vehicle (EV) tax credit, warning that its elimination could cripple startups like his in a competitive market. As the Senate prepares to vote on a bill that would end the credit by mid-2025, Winterhoff’s plea underscores the high stakes for emerging…
On Saturday, June 28, 2025, Elon Musk, CEO of Tesla Inc., publicly condemned the U.S. Senate’s revised tax bill, which accelerates the elimination of the $7,500 electric vehicle (EV) tax credit. Musk’s sharp criticism, posted on his social media platform X, highlights the bill’s potential to harm the EV industry, a cornerstone of clean energy…
On June 28, 2025, Senate Republicans unveiled a revised tax and budget bill that would terminate the $7,500 federal tax credit for new electric vehicle (EV) purchases and leases by September 30, 2025, alongside the $4,000 credit for used EVs, according to Reuters. This move marks a significant shift from previous policies promoting EV adoption…
Lotus, the iconic British automaker, is poised to halt production at its historic Hethel, Norfolk factory after 59 years, with plans to shift manufacturing to the United States, according to a report by Autocar. This strategic pivot, driven by U.S. tariffs and a challenging electric vehicle (EV) market, could reshape Lotus’s future as it leans…
On June 16, 2025, Polestar, the Sweden-based electric vehicle (EV) manufacturer, announced a $200 million equity investment from PSD Investment, a firm controlled by Geely Holding Group’s founder, Li Shufu. This funding, reportedly secured through a private investment in public equity (PIPE), aims to fuel Polestar’s global expansion and strengthen its position in the competitive…
Chinese automaker BYD is set to triple its electric bus and truck production in Europe with a new $94 million facility in Komarom, Hungary, a move that strengthens Hungary’s position as a hub for Chinese electric vehicle (EV) investment. Announced on June 27, 2025, by Hungarian Foreign Minister Peter Szijjarto, the plant will increase BYD’s…
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